Wema Bank, renowned for its innovation and as Africa’s pioneer of fully digital banking through ALAT, has announced the top 35 teams advancing to the grand finale of Hackaholics 5.0. The event, themed “Meta Idea: Catalyzing Africa’s Growth Through Innovation,”will take place on November 25, 2024, in Lagos, showcasing groundbreaking tech solutions designed to drive Africa’s transformation.
The finalists were selected after competitive pre-pitch events held across eight physical locations and one virtual center. The chosen teams represent a diverse range of innovative ideas spanning agriculture, finance, education, healthcare, sustainability, and artificial intelligence.
Some of the finalists include Northino, Our Haven, Celia, Nadir, Nimsy Agro, Hebron Chain, Paystrait, EduGaze, Health 4 Moni, and AI Teacha, among others. These teams will present their ideas to a panel of investors, industry leaders, and mentors, competing for ₦75 million in prizes. The rewards include ₦30 million for the grand prize winner, ₦20 million for the first runner-up, ₦15 million for the second runner-up, and ₦10 million for the top women-led team.
Expressing his excitement, Moruf Oseni, MD/CEO of Wema Bank, stated:
“Hackaholics is a testament to Wema Bank’s commitment to fostering innovation and youth empowerment. These 35 contestants represent the future of Africa’s tech-driven transformation, and we are proud to provide them with a platform to bring their ideas to life. The Meta Idea theme challenges them to think beyond immediate solutions and focus on innovations that capitalize on Africa’s growth potential. We look forward to celebrating their ingenuity at the grand finale.”
This year’s Hackaholics competition received thousands of applications from across Nigeria, highlighting the creativity and determination of young tech enthusiasts. The program not only offers substantial prizes but also mentorship, resources, and networking opportunities to help the winners scale their solutions globally.
Interested attendees can register for the grand finale at https://hackaholics.wemabank.com/grandfinale to witness the next generation of African innovators in action.